Index Numbers of Wholesale Price in India (Base: 2011-12=100)

Review for the month of September, 2017

The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of September, 2017 declined by 0.4 percent to 114.3 (provisional) from 114.8 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 2.60% (provisional) for the month of September, 2017 (over September,2016) as compared to 3.24% (provisional) for the previous month and 1.36% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.97% compared to a build up rate of 3.44% in the corresponding period of the previous year

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.

The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 22.62%)

The index for this major group declined by 3 percent to 130.8 (provisional) from 134.9 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Minerals' group rose by 1.1 percent to 119.5 (provisional) from 118.2 (provisional) for the previous month due to higher price of copper concentrate (6%), manganese ore (2%) and limestone (1%). However, the price of chromite (24%), iron ore (4%), zinc concentrate and phosphorite (2% each) and lead concentrate (1%) declined.

FUEL & POWER (Weight 13.15%)

The index for this major group rose by 1.7 percent to 90.7 (provisional) from 89.2 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Mineral Oils' group rose by 3.3 percent to 79.1 (provisional) from 76.6 (provisional) for the previous month due to higher price of LPG (10%), naphtha (8%), ATF (5%), petrol (3%), furnace oil, kerosene and HSD (2% each) and bitumen (1%). However, the price of petroleum coke (1%) declined.

MANUFACTURED PRODUCTS (Weight 64.23%)

The index for this major group rose by 0.4 percent to 113.4 (provisional) from 112.9 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for 'Manufacture of Beverages' group rose by 0.8 percent to 120.1 (provisional) from 119.1 (provisional) for the previous month due to higher price of bottled mineral water and aerated drinks/soft drinks (incl. soft drink concentrates) (2% each) and country liquor, beer and wine (1% each).

The index for 'Manufacture of Tobacco Products' group rose by 2.2 percent to 150.9 (provisional) from 147.7 (provisional) for the previous month due to higher price of cigarette (6%) and other tobacco products (1%). However, the price of biri (2%) declined.

The index for 'Manufacture of Textiles' group rose by 0.6 percent to 113.4 (provisional) from 112.7 (provisional) for the previous month due to higher price of texturised and twisted yarn (2%) and weaving & finishing of textiles, manufacture of cordage, rope, twine & netting and cotton yarn (1% each). However, the price of viscose yarn (3%) and manufacture of knitted and crocheted fabrics (2%) declined.

The index for 'Manufacture of Wearing Apparel' group rose by 0.1 percent to 136.6 (provisional) from 136.5 (provisional) for the previous month due to higher price of trouser/pants made of cotton and/or mad-made fibre (2%). However, the price of manufacture of knitted and crocheted apparel (1%) declined.

The index for 'Manufacture of Leather and Related Products' group declined by 1.4 percent to 119.2 (provisional) from 120.9 (provisional) for the previous month due to lower price of chrome tanned leather (4%) and leather shoe (1%). However, the price of belt & other articles of leather (3%), vegetable tanned leather and harness, saddles & other related items (2% each) and canvas shoes and travel goods, handbags, office bags, etc. (1% each) moved up.

The index for 'Manufacture of Wood and of Products of Wood and Cork ' group rose by 0.2 percent to 132.4 (provisional) from 132.1 (provisional) for the previous month due to higher price of wooden block - compressed or not (2%) and plywood block boards and wooden box/crate (1% each). However, the price of timber/wooden plank, sawn/resawn and wood cutting, processed/sized (1% each) declined.

The index for 'Printing and Reproduction of Recorded Media' group rose by 0.2 percent to 144.6 (provisional) from 144.3 (provisional) for the previous month due to higher price of printed labels/posters/calendars (6%), hologram (3d) (4%) and newspaper (1%). However, the price of printed form & schedule, journal/periodical and sticker plastic (1% each) declined.

The index for 'Manufacture of Computer, Electronic and Optical Products' group rose by 0.3 percent to 109.2 (provisional) from 108.9 (provisional) for the previous month due to higher price of colour tv (4%), sunglasses (3%) and electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (1%). However, the price of meter (non-electrical) (3%), x-ray equipment and scientific time keeping device (2% each) and ups in solid state drives and electronic printed circuit board (pcb)/micro circuit (1% each) declined.

The index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group declined by 1.3 percent to 110.5 (provisional) from 111.9 (provisional) for the previous month due to lower price of filter element (9%), passenger vehicles (7%) and shock absorbers, piston ring/piston and compressor and shafts of all kinds (1% each). However, the price of ignition device, steering gear control system, silencer and damper, chain, release valve, head lamp, gear box and parts, brake pad/brake liner/brake block/brake rubber, others and radiators & coolers (1% each) moved up.

The index for 'Manufacture of other Transport Equipment' group rose by 0.1 percent to 109.6 (provisional) from 109.5 (provisional) for the previous month due to higher price of wagons (6%) and auto rickshaw/tempo/matador/three wheelers (1%). However, the price of tanker (1%) declined.

The index for 'Manufacture of Furniture' group rose by 0.5 percent to 120.1 (provisional) from 119.5 (provisional) for the previous month due to higher price of steel shutter gate (4%) and iron/steel furniture and foam and rubber mattress (1% each). However, the price of wooden furniture (2%) declined.

The index for 'Other Manufacturing' group declined by 7.4 percent to 105.3 (provisional) from 113.7 (provisional) for the previous month due to lower price of gold & gold ornaments (8%) and playing cards and cricket bat (2% each). However, the price of stringed musical instruments (incl. santoor, guitars, etc.) (9%), silver (5%) and plastic moulded-others toys and non mechanical toys (3% each) moved up.

WPI FOOD INDEX (Weight 24.38%)

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 4.41% in August, 2017 to 1.99% in September, 2017.

FINAL INDEX FOR THE MONTH OF JULY, 2017 (BASE YEAR: 2011-12=100)

For the month of July, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) and annual rate of inflation remained unchanged at its provisional level of 113.9 and 1.88 percent respectively as reported on 14.08.2017.